"I’ve been incredibly fortunate to have served as president of such a culturally-defining label as Def Jam over the last three years. During that time, I’ve had the pleasure of working with many of the world’s most dynamic artists and many of the most dedicated and talented executives in the music business today, including [IDJMG Chairman/ CEO] Antonio "L.A." Reid. But now it’s time for me to take on new challenges. I am pleased to have had the opportunity to build upon the Def Jam legacy, helping to move the company into a new era of artistic success," gab Shawn “Jay-Z” Carter in einem Statement bekannt.